IRENA report says that cost of electricity (LCOE) from wind energy in some parts of the world is lower than from fossil fuel

According to the report, onshore wind is the most cost competitive sources of not only renewable energy but also fossil-fuel based energy.

Note hydro is the only one that has a lower cost than wind in some cases, but it variability is high. 

renewable power costs IRENA chart

Source: IRENA report on Renewable Power Generation Cost in 2014.  http://www.irena.org/menu/index.aspx?mnu=Subcat&PriMenuID=36&CatID=141&S....

More details at:  http://cleantechnica.com/2015/01/19/new-report-confirms-renewable-power-...